JEA hunt for headquarters site is silent on evacuation risk

[Tacachale]

We have numbers!

In none of the offers will JEA actually own their office.

Location		Square footage		Lease per square feet		First year's lease		Total development cost
King's Avenue		176,230		$34		$5.6 million		$81.7 million
Northbank		195,426		$32.97		$6.4 million		$72.2 million
Lot J		176,320		$26.99-$28.92		$4.7-5.1 million		$81.23 million

Cordish & Iguana are apparently offering anywhere between a 15-25 year lease.

The Northbank/Ryan proposal seems to have a lot going for it. It's the closest to JEA's requested square footage, it'll be the earliest available, and while the lease price is high the overall development cost is the lowest. Interesting that they've chosen next door to the Courthouse as the chosen site.

Interesting note on the final vote:

On Tuesday, only four of the seven board members are expected to cast votes – Alan Howard, April Green, Camille Lee-Johnson and the Rev. Frederick Newbill.

Board member John Campion is out with an illness, Kelly Flanagan is abstaining because she is the CFO of the Jaguars, and one seat on the board remains vacant.

The meeting is scheduled for 2 p.m.

So this goes down today?  Any last minute predictions?

Lol, yes.

[Captain Zissou]

I was hoping this vote would be yesterday so I could laugh it off as an April fool's joke when I saw the Lot J headlines.

[thelakelander]

Developer takes aim at other JEA HQ proposals ahead of vote

A development team aiming to build JEA's next headquarters has gone on the offensive ahead of a vote on where the new building will be developed. The group led by Chase Properties has launched a Facebook ad campaign that argues that 1201 Kings Ave. in San Marco as the best location for the headquarters. The team also delivered a letter to the Business Journal Monday that critiques the two other proposals the JEA Board of Directors are expected to consider Tuesday afternoon.

Full article: https://www.bizjournals.com/jacksonville/news/2019/04/02/developer-takes-aim-at-other-jea-hq-proposals.html

[Captain Zissou]

Seems like even they know the deck is stacked against them.

[KenFSU]

Might just be a good day for the central business district...

[Steve]

Might just be a good day for the central business district...

lol don't tease.

[Steve]

Seems like even they know the deck is stacked against them.

They aren't wrong about the Lot J criticisms. I think their Adams street criticisms are a stretch though. They cite the unknown about buying the land, when JEA and COJ already entered into an agreement to do just that. Obviously something could blow that up, but that's basically saying, "you have to deal with COJ so don't pick that one.

They also cite the number of city agencies. I supposed DDRB is an additional one, but let's be honest - when has DDRB stopped anything?

[edjax]

ADAms St it is

[Steve]

Action News reporting that Adams Street Won!!!

[camarocane]

Wow Adams Street... didn't see that coming. No sarcasm intended!

[Westside Guy]

I can't believe it. The board just did something competent.

[Steve]

Seriously. I'm SHOCKED. I totally thought the fix was in.

[Steve]

Tweet from JEA's Official Account:

It is with great pleasure that we announce the JEA Board has selected 325 West Adams Street (Ryan Companies US Inc.) to negotiate development for JEA's new corporate headquarters. We look forward to sharing more soon about this exciting project.

[MikeG1479]

This was the one I was hoping for.  I guess the expression that a 'blind squirrel finds a nut once in a while' applies here.  Good for the city of Jacksonville.

[jagsonville]

Great choice! Plus the Jacksonville sucks, Khan bad man, Curry destroying everything crowd can take a breath!